SECC is pleased to announce the closing of this $100,000 private business term loan for a home renovation business located in New Jersey. The borrower was looking for quick capital to aid in her business expansion but didn’t want to pay the high interest rates that come with a MCA. In under two weeks SECC was able to close on a 3 year fixed rate term loan at 16.29% and provide a monthly loan payment option that did not require any out-of-pocket costs.